CapitaLand expects H1 operating patmi to fall 25-35 per cent

Singapore

CAPITALAND expects its first half-year net profit to be "materially and adversely" affected, based on preliminary estimates.

Operating patmi - which refers to profit from business operations excluding any gains or losses from divestments, revaluations and impairments - is expected to decline by 25 per cent to 35 per cent from the S$361.3 million it posted for the first six months of last year, the property group said.